Markets

Wage cost inflation may moderate IT players’ profit margins by 1.5%

The shrinking will be over and above the narrowing of up to 3.50 per cent on the operating profit margin front for most IT companies in FY22

Topics
information technology , inflation , IT companies



Reuters

Operating profit margins of can moderate by up to 1.5 per cent in the near term as wage cost coming on the back of high attrition hits players in the over $200 billion industry, a report said on Thursday.

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The shrinking will be over and above the narrowing of up to 3.50 per cent on the operating profit margin front for most in FY22, as per the report by domestic ratings agency ,

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)


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First Published: Fri, June 10 2022. 02:36 IST

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